Can a seller deduct his closing costs for tax purposes?

yes, closing costs are added to your tax basis for determining gain or loss on the sale

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similar but different concepts, an S corporation is not a partnership, and it files an 1120S federal return, but federal taxes are paid by the...

I am totally broke and have not paid taxes since 2009 And have not filed because no way to pay trying to figure out what to do

Find a tax preparer to assist you, and determine if you do owe any money for the past tax years, you may not if you have substantial medical bills....

I signed a marriage certificate and license. I was wondering if i'm legally married and need to divorce my "wife?"

Colorado recognizes common law marriages as well, so any declaration of "husband and wife" may be adequate to make you legally married to one another.

If a settlement is obtained for lost or unpaid wages, is that a taxable earnings ? Can I negotiate to lower the lawyer's fee?

The money that you receive will be taxable income, the attorney fees paid will reduce your amount received, and your taxable income, but the...

My husband mother has a trust but his sister who is the executor has it fixed where he only gets a payment once a year instead

Payment terms are determined by the trust agreement, please review the trust agreement with the beneficiary's own lawyer.

My credit score is 590, what do I need to do to get it up to 650?

check your credit reports for incorrect information, pay on time, don't open a lot of new accounts all at once, don't close accounts (unless you...

Is it legal to secretly record in a staff meeting?

Colorado is a "one party consent" state so if one person involved in the meeting conversation and present at the meeting records the meeting, they...

What happns if i been on the run for three years

Depends on what state you ran away from. California would probably detain you and return you to your family, unless there are pending charges to...

if assets in decedents name alone are 40,000 or more, then you must probate the will. Missouri has a simplified process for under 40k